mutual fund
An investment company, legally known as an open-end company, meaning that the fund assets are equally divided among and owned by the investors in the fund and that the fund can issue and redeem shares of the fund at any time. The profit, loss, and expenses of a mutual fund are equally shared across all of its investors. Compare to a closed-end fund.

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Popular Mutual Funds Terms

Plaza Accord
micro cap fund
long term borrowings
Depth of Market
Financial Services Authority
mid cap stock
Chooser Option
exchange premium
countervailing duty